How to get PRC Proceeds Realization Certificate from Bank in Pakistan? When overseas Pakistanis send money back to their country, several questions come to their mind: Will these amounts really be considered “remittances”? How will it be proven to the FBR that the money has come from abroad? Is ...

Tax on Agricultural Income: means that the land is used only for agricultural purposes. Even if the land is rented out, the tenant will use it only for farming. The main forms of income are: Produce obtained from direct cultivation of the land. Profits obtained from normal agricultural practices (pl...

What is Called Rent: Tax on Rental Income in Pakistan a Comprehensive Guide: Rental income  means that land or a building is given for occupation or use, and the amount received or receivable by the landlord in return is called rent. Rental amount is not just the monthly payment that the tenant pay...